Revenue Recognition Analyst (Teradyne, N. Reading MA)

We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne's test technology ensures your device works right the first time, every time! Our portfolio of automation solutions help manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world!

We attract, develop, and retain a high-performance workforce, comprised of people with diverse backgrounds and a shared drive for excellence. We strive to foster a positive and inclusive work environment that helps employees, and communities, thrive.

Our Purpose:

We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne’s test technology ensures your device works right the first time, every time! Our portfolio of automation solutions helps manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world!

Opportunity Overview:

We are looking for a Technical Accounting Revenue Analyst to join our Semiconductor Finance team in North Reading, MA, USA. This position will report to the Revenue Manager for Semiconductor Test.

**This is a hybrid role with a minimum of 2 days per week in office.

This role is critical to ensure the company maintains a high standard of financial reporting and revenue recognition in compliance with regulatory standards.

ASC 606

• Key contributor to the revenue recognition processes and procedures on ASC 606 matters which will involve:
  • Reviewing material orders and the preparation of revenue recognition checklists and supporting documentation
  • Supporting reviews of new/complex contracts to evaluate accounting treatment for appropriate revenue recognition.
  • Staying up to date with changes in accounting standards impacting revenue recognition.
  • Reviewing business plans for introductions of new products and other revenue generating offerings
• Partners with divisional leads to ensure proper revenue recognition by understanding business deal elements, researching revenue topics and concluding on various revenue streams
• Prepare weekly revenue and cost of sales forecast for current and next quarter
• Liaison with external auditors to provide relevant revenue support and schedules
• Review and analyze sales orders margins, including deferred revenue and cogs account, to ensure timely revenue recognition
• Review and analyze bookings monthly and reporting results quarterly to corporate
• Analyze backlog reports on a weekly basis and track miscellaneous forecast

Process improvement

• Assist in initiatives to continuously evaluate and improve revenue recognition practices as they evolve under updates to our businesses by facilitating processes streamlining and better utilization of technology solutions
• Assist the Revenue Manager to prepare materials for decision support to Sales and Operations and the revenue implications of those decisions
• Collaborating with divisional finance leads to better streamline and standardize the corporate revenue reporting process

All About You:

We seek individuals who share our passion and determination. Our commitment to customer success drives us to go the extra mile. If you’re ready to join us in this mission, take a closer look at the minimum criteria for the position.

• CPA preferred
• Minimum of 2 years in public accounting, with experience with revenue recognition SOX controls
• In depth knowledge of ASC 606 requirements
• Excellent communication and presentation skills, with the ability to work with cross-functional teams and senior management.
• Passionate about learning and leveraging existing and emerging technologies for adoption in process improvement (RPA, Copilot, OCR etc.)
• Detail orientated with a strong focus on accuracy and compliance
• Experience working in a global team.

Compensation:

The base salary range for this role is $87,900 - $140,600. This range is a good faith estimate, and the amount of base salary will correspond with experience and skill set. This range can also fluctuate depending on demand and location.  

Incentive Plan: This job is eligible for discretionary bonus(es) based on financial performance. 

Benefits:

Teradyne offers a variety of robust health and well-being benefit programs, including medical, dental, vision, Flexible Spending Accounts, retirement savings plans, life and disability insurance, paid vacation & holidays, tuition assistance programs, and more.  Please click here to see details. 

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